Category: Russia

Russia seems to be continuously looking for more ways to squeeze the life blood out of its fledgling gambling industry. As soon as legalization, accompanied by regulation that would actually benefit online gambling, sports betting or casino gambling is passed by the Ministry of Finance, politicians jump at the chance to pile erroneous tax hikes on the industry. The Ministry is currently working on drafting a new bill that would ban online and offline betting on non-sporting events. At some point in time, not being able to make a profit, online gambling operators and bookmakers will give up and go back to the gambling black market, even at the risk of fines and jail time.